Based on 2023 data, the Netherlands dominates the European watch import market with a substantial share of 47.33% and a significant year-on-year increase of 35.79%. However, other major players like the United Kingdom and France experienced declines of -17.26% and -8.06%, respectively. Poland, Italy, and Spain showed positive growth rates at 2.32%, 6.97%, and 16.38%. Germany and Hungary also recorded modest increases of 2.78% and 10.1%. Conversely, several countries such as Latvia, Estonia, and Croatia saw decreases in their market shares.
Future trends to watch include the Netherlands potentially solidifying its market dominance while emerging markets within Europe like Lithuania and Finland, which showed significant growth rates of 28.0% and 25.01%, respectively, could start claiming larger shares. Declines in traditionally strong markets like the United Kingdom and France may continue if current trends persist.
Top countries in Import of Watches Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 47.33 | 2023 | +5.61% | +35.79% | View data |
| 2 | 2 United Kingdom | 11.18 | 2023 | -17.35% | -17.26% | View data |
| 3 | 3 France | 10.2 | 2023 | +6.06% | -8.06% | View data |
| 4 | 4 Poland | 4.62 | 2023 | -0.69% | +2.32% | View data |
| 5 | 5 Belgium | 4.59 | 2023 | +16.16% | -5.82% | View data |
| 6 | 6 Italy | 4.25 | 2023 | -3.14% | +6.97% | View data |
| 7 | 7 Denmark | 3.27 | 2021 | +112.65% | +13.33% | View data |
| 8 | 8 Spain | 2 | 2023 | +14.39% | +16.38% | View data |
| 9 | 9 Sweden | 1.49 | 2023 | +4.07% | -2.56% | View data |
| 10 | 10 Bulgaria | 1.45 | 2023 | -2.76% | -1.33% | View data |
